Royal Bank Of Canada Increases Hiscox (LON:HSX) Price Target to GBX 1,300

Hiscox (LON:HSX - Get Free Report) had its price objective raised by research analysts at Royal Bank Of Canada from GBX 1,125 ($15.02) to GBX 1,300 ($17.36) in a report released on Friday, July 18th, Marketbeat.com reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target would suggest a potential downside of 0.15% from the company's previous close.

Several other equities research analysts also recently weighed in on the stock. Berenberg Bank began coverage on shares of Hiscox in a research note on Thursday, May 29th. They set a "buy" rating and a GBX 1,450 ($19.36) target price for the company. Peel Hunt reiterated a "buy" rating and issued a GBX 1,460 ($19.50) price objective on shares of Hiscox in a research report on Thursday, July 3rd.

Hiscox Stock Performance

LON HSX traded up GBX 11 ($0.15) on Friday, reaching GBX 1,302 ($17.39). The stock had a trading volume of 665,245 shares, compared to its average volume of 2,008,133. The stock has a market cap of £5.61 billion, a P/E ratio of 7.99, a price-to-earnings-growth ratio of -2.30 and a beta of 0.65. Hiscox has a 12-month low of GBX 1,008 ($13.46) and a 12-month high of GBX 1,360 ($18.16). The business's 50-day moving average price is GBX 1,273.36 and its 200 day moving average price is GBX 1,174.49.

Hiscox Company Profile

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It offers commercial insurance for small-and medium-sized businesses; and personal lines cover, including high-value household, fine art, and luxury motor, as well as artwork, antiques, classic cars, jewelry, collectables, and other assets through brokers, partners, and direct-to-consumers.